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Tuesday, October 10, 2006

Insider Selling At Oracle (ORCL)

According to Barron's, some insiders filed 144s at Oracle recently. Three officers and affiliates unloaded about $30 million in Oracle shares. It would appear that most of the shares were sold around $18. Oracle's stock closed at $18.55 yesterday. You would have to look back to 2001 to find a period when the shares traded this high.

Interestingly, since the shares were sold on September 22 and September 26, the stock has not gone any higher. Maybe these fold are just smart.